Arthur J. Gallagher & Co. Acquires Walker Taylor Agency

ITASCA, Ill., June 10 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co.
today announced the acquisition of Walker Taylor Agency of Wilmington, North
Carolina. Terms of the transaction were not disclosed.

Spanning five generations with insurance roots dating back to 1866, Walker
Taylor Agency, Inc. is a retail insurance broker offering risk management and
property/casualty insurance services to their mid-to-large commercial and
personal clients throughout the United States. They specialize in the life
sciences, technology, coastal property and other complex casualty business.
Walker Taylor III, Walker Taylor IV, Katherine Taylor and their associates
will continue to operate in their current location under the direction of
Mitchel Brashier, Southeastern Regional Manager of Gallagher's retail
property/casualty brokerage operation.

"Walker Taylor Agency's success is due in part to their outstanding level of
business expertise in the life sciences and technology industries," said J.
Patrick Gallagher, Jr., Chairman, President and CEO. "This special expertise
as well as an excellent reputation for their ability to service highly
sophisticated clients will be a great complement to our retail brokerage niche
sales strategy. We are pleased to welcome the Taylors and their team to our
growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk
management services firm, is headquartered in Itasca, Illinois, has operations
in 15 countries and does business in more than 100 countries around the world
through a network of correspondent brokers and consultants. Gallagher is
traded on the New York Stock Exchange under the symbol AJG.

SOURCE Arthur J. Gallagher & Co.

Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co.,
+1-630-773-3800